Nikhil Kamath, co-founder of Zerodha and a billionaire, has signed up as India's youngest pledger for "The Giving Pledge," an initiative started by famous investors Warren Buffet and Bill Gates.
He also takes the pledge as the fourth Indian, following Azim Premji, Kiran Mazumdar-Shaw, Rohini, and Nandan Nilekani. A large portion of the financial resources of the members of this charitable foundation is donated to nonprofit organisations.
Kamath intends to support causes like climate change, energy, education, and health with his estimated $1.1 billion ( Rs 90,69,00,50,000) net worth, according to Forbes. In addition, the 34-year-old's own foundation, Young Indian Philanthropic Pledge (YIPP), works with entrepreneurs to donate at least 50% of their net worth to charitable causes.
"As a young philanthropist, I am writing to express my gratitude whilst joining the Giving Pledge. Despite my age, I am committed to positively impacting the world and believe that the foundation's mission of creating a more equitable society aligns with my values and aspirations," according to Nikhil Kamath's letter of commitment.
Read More at https://www.dnaindia.com/business/report-nikhil-kamath-billionaire-with-net-worth-rs-28000-crore-to-donate-most-of-his-wealth-3046325
Comments